Sheikh Mohamed bin Zayed elected President of the UAE

Latest: Sheikh Mohamed bin Zayed meets regional leaders in Abu Dhabi

Sheikh Mohamed bin Zayed, Ruler of Abu Dhabi, has been elected the country's president.

The official announcement followed a meeting in Abu Dhabi of the rulers of the Emirates.

He becomes the third president in the UAE's history, following the death of Sheikh Khalifa on Friday.

State news agency Wam reported the decision by the Federal Supreme Council, which comprises the rulers of which comprises the rulers of the seven emirates.

We congratulate him, and we pledge allegiance to him, and our people pledge allegiance to him

Sheikh Mohammed bin Rashid,
Vice President and Ruler of Dubai

The President, Sheikh Mohamed “expressed his appreciation for the dear trust that his brothers, their highnesses, members of the Federal Supreme Council, have entrusted him with, praying that Almighty God helps him succeed, helps him in taking on this great responsibility and meeting it in serving the UAE and its loyal people”, in comments published by Wam.

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, offered his congratulations.

“Today, the Federal Supreme Council elected my brother, His Highness Sheikh Mohamed bin Zayed Al Nahyan, as President of the State,” he wrote on Twitter.

“We congratulate him and we pledge allegiance to him, and our people pledge allegiance to him.”

The council held a meeting at Mushrif Palace, Abu Dhabi, chaired by Sheikh Mohammed.

Present were Sheikh Mohamed bin Zayed, Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman, Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah, Sheikh Saud bin Rashid Al Mualla, Ruler of Umm Al Quwain and Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah.

Sheikh Dr Sultan, Ruler of Sharjah, said: “As he has witnessed the UAE's renaissance from a young age, accompanied by the late Sheikh Zayed bin Sultan Al Nahyan, Sheikh Khalifa bin Zayed Al Nahyan, and the Founding Leaders, President His Highness Sheikh Mohamed bin Zayed Al Nahyan has significantly contributed to UAE's development and achievements due to his wise vision, constant support and direct guidance.

“We congratulate President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and ask Allah Almighty to grant him success and prosperity.

“We affirm our permanent solidarity in serving the nation and preserving its union under his wise leadership.”

A statement by the Ministry of Presidential Affairs said that, according to Article 51 of the Constitution, Sheikh Mohamed bin Zayed was elected unanimously.

On Saturday, Sheikh Mohamed is receiving condolences over the death of his brother Sheikh Khalifa from the rulers and senior Emirati officials.

Foreign diplomats and leaders are expected to visit to pay their respects and meet the new president in the coming days.

Dr Anwar Gargash, diplomatic adviser to the President, said: “The smooth transition of power in the UAE reflects the strength of institutional work and the advanced standards of governance and stability.

“We thank God for the blessing of the UAE and pledge allegiance to Sheikh Mohamed bin Zayed. May God protect him as President and leader.”

Sheikh Mohamed bin Zayed's life: in pictures

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks.

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.

8. Pillar 2 implementation

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

While you're here

Watch: Davos 2021 panel discusses the future of work for women

Alice Haine: Investing in gender parity 'makes good business sense'

Kareem Shaheen: How the pandemic could set Arab women back

Simon Rushton: Home schooling forces UK mothers to quit jobs

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Dubai works towards better air quality by 2021

Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.

The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.

These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.

“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.

“We’re in a good position except for the cases that are out of our hands, such as sandstorms.

“Sandstorms are our main concern because the UAE is just a receiver.

“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”

Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.

There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.

“There are 25 stations in total,” Mr Al Daraji said.

“We added new technology and equipment used for the first time for the detection of heavy metals.

“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”

Where to buy

Limited-edition art prints of The Sofa Series: Sultani can be acquired from Reem El Mutwalli at www.reemelmutwalli.com

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Name: Qyubic
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Sector: E-commerce
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Empire of Enchantment: The Story of Indian Magic

John Zubrzycki, Hurst Publishers

Sole survivors

Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.